Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (8873)	9/2/2006 9:57:06 PM
From: Maurice Winn	Respond to of 217749

The internationally renown NZ economist Mqurice has been saying that in regard to info-tech since 1980, having coined the phrase when the laborious information technology was being used. But the MBA schools must still be teaching to crowd into the upmarket niche. Globalstar went bust trying to sell cellphone time at $180 an hour, with a $2000 phone. Plus sign-up fees, roaming problems etc. Normal humans don't operate at $180 an hour. The wealthy fraction of humanity thinks in $10 an hour. The bottom of the heap thinks in $10 a week terms. They won't spend 18 weeks working [and that's for gross income, not disposable income] to make a one hour call. Mqurice ranted and ranted, but was studiously ignored. But he's wrong that 4 billion poor do other than provide basic services which enable the few million smart ones to do the clever things such as CDMA, Skype and genetic engineering. It would be far better if there were no poor. And, compared with 1906, there is a tiny proportion of poor people. Now almost everyone on Earth has or can afford their personal high precision time piece, a calculator, a tv set and other gadgets which cost almost nothing these days. They didn't even exist in 1906. In 1906, the world was rural and poor [compared with today], pretty much universally. A comfortable person in 1906 NZ would be considered poverty stricken by today's standards. But it's not the poor who are the key. It's the middle of the distribution curve. That's where the main action is - the seething cauldron of humanity. The top end does the inventions and the middle provides the propulsion. The tail end cleans up and tries to survive, providing services which ease the way for the better-off to get on with doing the really good stuff which lifts all boats. Mqurice